Overview of positive news from listed companies on the evening of March 23, including the list of companies.

Several listed companies in the Shanghai and Shenzhen markets released important announcements on the evening of March 23. Here is a summary of the positive news:

Dazhong Mining: Plans to Collaborate with Wanhua Battery Materials and Others to Invest in 200,000 Tons of Lithium Salt Project Annually

Dazhong Mining (001203) announced on March 23 that it plans to sign a tripartite “Investment Agreement” with Meishan High-tech Zone Management Committee and Wanhua Chemical (Sichuan) Battery Materials Technology Co., Ltd. (referred to as “Wanhua Battery Materials”) to jointly invest in the “20,000-ton Lithium Salt Project” in Meishan High-tech Industrial Park. The project’s total planned capacity is 20,000 tons of lithium salt, to be built in three phases: Phase 1 with 3,000 tons/year, Phase 2 with 7,000 tons/year, and a long-term plan for 10,000 tons/year. The combined investment for Phases 1 and 2 is 2.2 billion yuan, with Phase 3 funded by cash flow generated from the first two phases. To advance the project, the company plans to sign a joint venture agreement with Wanhua Battery Materials to establish a joint venture as the main entity for the Phase 1 “3,000-ton Lithium Salt Project.” The joint venture will have a registered capital of 300 million yuan, with the company contributing 240 million yuan in cash (80% ownership).

China Nonferrous Metals Co., Ltd.: Subsidiary Wins Exploration Rights Worth 214 Million Yuan

China Nonferrous Metals (000758) announced on March 23 that its controlling subsidiary, Qinghai China Nonferrous Mining Development Co., Ltd., acquired mineral exploration rights for polymetallic deposits in the Hazi area of Dulan County, Qinghai Province, through a bid worth 214 million yuan.

Haitian Co., Ltd.: Signs Strategic Cooperation Agreement with Tongwei Solar

Haitian (603759) announced on March 23 that it signed a strategic cooperation framework agreement with Tongwei Solar Co., Ltd. on the same day. The two parties will explore product development plans and actively collaborate on new product technologies, including but not limited to HJT slurry, TOPCon slurry, and perovskite slurry for solar cells.

Deguan New Materials: Plans to Invest About 420 Million Yuan in Upgrading Electronic and New Energy Film Materials

Deguan New Materials (001378) announced on March 23 that its wholly owned subsidiary, Deguan Packaging, will invest in an upgrade and expansion project for electronic and new energy film materials in ZTE Science Park, with an estimated total investment of about 420 million yuan. The project is expected to have an annual capacity of 26,400 tons, focusing on electronic and new energy film materials, adhesive-free films, and other functional films. This expansion marks the company’s first introduction of a 10.4-meter-wide production line.

Rongjie Shares: Plans to Invest About 1.1 Billion Yuan in 50,000 Tons of Lithium Battery Anode Material Project

Rongjie Shares (002192) announced on March 23 that its wholly owned subsidiary, Lanzhou Rongjie Materials, plans to build an annual capacity of 50,000 tons of high-performance lithium-ion battery anode materials in Lanzhou New Area, with a total fixed asset investment of approximately 1.1 billion yuan.

Huaya Intelligent: Signs Product Sales Framework Agreement with Landong Technology

Huaya Intelligent (003043) announced on March 23 that Suzhou Landong Technology Co., Ltd. (referred to as “Landong Technology”) intends to purchase products from the company. The two parties signed a “Framework Agreement for Energy Storage Cabinet Product Procurement,” with the company’s supplied products being precision metal structural parts used in energy storage cabinets by Landong Technology. The expected annual transaction amount is no more than 20 million yuan, accounting for 1.12% of the company’s net assets in 2024.

Changyuan Donggu: Planning to Acquire 100% Equity of Xiangyang Kanghao Mechanical and Electrical Engineering Co., Ltd., Trading Halted from March 24

Changyuan Donggu (603950) announced on March 23 that it is planning to acquire 100% equity of Xiangyang Kanghao Mechanical and Electrical Engineering Co., Ltd., held by Hubei Xinyuan Power Technology Group Co., Ltd., through issuing shares and paying cash, and to raise supporting funds. The transaction is expected to constitute a major asset reorganization and a related-party transaction. The company’s stock will be suspended from trading starting March 24, with an estimated suspension period of no more than 10 trading days.

WuXi AppTec: Net Profit Expected to Grow 105.2% in 2025, Plans to Distribute 15.7927 Yuan per 10 Shares

WuXi AppTec announced its full-year 2024 performance on the Hong Kong Stock Exchange, with revenue of 45.456 billion yuan, up 15.8% year-over-year; net profit attributable to shareholders of 19.195 billion yuan, up 105.2%. The board recommends a cash dividend of 15.7927 yuan per 10 shares (tax included).

Zangge Mining: Plans to Repurchase Shares Worth 200 Million to 400 Million Yuan

Zangge Mining (000408) announced on March 23 that it plans to repurchase shares worth between 200 million and 400 million yuan for employee stock ownership plans or equity incentives, at a price not exceeding 85.38 yuan per share.

Huazheng New Materials: Plans to Raise Up to 1.2 Billion Yuan via Private Placement for High-Grade Copper Clad Laminate and Other Projects

Huazheng New Materials (603186) disclosed a plan on March 23 for a private placement of A-shares in 2026, raising no more than 1.2 billion yuan. The funds will be used for the annual production of 12 million high-grade copper clad laminates and to supplement working capital.